Verizon (VZ) EVP Alfonso Villanueva Receives Phantom Stock Award

What Happened

• Alfonso Villanueva Rodriguez, EVP and Interim Group CEO (VZ Consumer) & CTO at Verizon, received an award of 76.743 phantom stock units on April 9, 2026. The units are valued at $13.63 each, for a nominal total of $1,046. This was an award/grant (derivative) rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-09; filing date: 2026-04-10 (timely — Form 4 filed within the required period).
• Transaction type/code: A (Award/Grant) — derivative, cash‑settled phantom stock.
• Quantity and price: 76.743 phantom units at $13.63 per unit; total value ≈ $1,046.
• Shares owned after transaction: Not reported in the provided summary.
• Footnotes: F1 — each phantom share is an economic equivalent of a fraction of a common share and is settled in cash; payout occurs under the reporting person’s deferred compensation plan. F2 — amount includes phantom stock acquired through dividend reinvestment.

Context

• Phantom stock is a cash‑settled deferred compensation award that mirrors the economic value of shares but does not transfer actual common stock; it generally reflects routine compensation or deferred pay rather than an immediate vote of confidence via a market purchase.
• Because this is an award (not a purchase or sale), it should be seen as compensation-related reporting rather than a direct signal of insider buying or selling intent.